Summary - Flat 1, Teifi View, 29 St. Mary Street SA43 1DH
6 bed 3 bath Flat
Income-focused central Cardigan property with strong yield potential.
Freehold building of three self-contained two-bedroom flats
This mid-terrace Victorian building in central Cardigan is offered as three self-contained two-bedroom flats, sold freehold and currently fully tenanted. The location puts all town centre amenities within easy walking distance, supporting lettability. The seller’s guide indicates a potential gross yield around 10.6% at achievable rents of £600–£700 per unit.
The building retains period character—high ceilings and stone external walls—but requires internal updating. Kitchens are dated and there is likely no wall insulation, so expect refurbishment costs to modernise flats and improve energy performance. Double glazing was fitted after 2002 and heating is mains gas with a boiler and radiators.
Purchases will be made by the Modern Method of Auction. Buyers should allow for the reservation fee (4.5% of the price, minimum £6,600) plus the pack preparation payment and the auction timescales and conditions. Full due diligence is essential; the Buyer Information Pack should be reviewed before bidding.
This property suits an investor prepared to fund and manage refurbishment to increase rents and energy efficiency. Note the area is described as very deprived with higher crime levels; factor this into management, insurance and tenant screening decisions.
3 bedroom flat for sale in High Street, Cardigan, Ceredigion, SA43 — £99,950 • 3 bed • 1 bath • 776 ft²
6 bedroom block of apartments for sale in Pendre, Cardigan, SA43 — £375,000 • 6 bed • 4 bath • 2539 ft²
6 bedroom block of apartments for sale in Pendre, Cardigan, SA43 — £375,000 • 6 bed • 4 bath • 3399 ft²
3 bedroom semi-detached house for sale in Tenby Road, Aberteifi, Tenby Road, Cardigan, SA43 — £140,000 • 3 bed • 2 bath • 668 ft²
3 bedroom flat for sale in St. Mary Street, Cardigan, Ceredigion, SA43 — £175,000 • 3 bed • 1 bath • 1012 ft²
2 bedroom flat for sale in St. Mary Street, Cardigan, SA43 — £85,000 • 2 bed • 1 bath • 568 ft²
